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A4716

Prohibits BPU approval of electric or gas public utility rate increases resulting in total increase to average residential customer bill in excess of two percent within five-year period.

Introduced·3/16/26
Introduced Text

New Jersey A4716 prohibits the Board of Public Utilities from approving electric or gas rate increases exceeding 2% over five years for residential.

New Jersey A4716 prohibits the Board of Public Utilities from approving electric or gas public utility rate increases that would result in a total increase to an average residential customer bill exceeding two percent within any five-year period. This act aims to limit the rate of increase for residential customers, ensuring their bills do not rise too steeply over time. The legislation takes effect immediately upon enactment.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Telecommunications and Utilities Committee
Next
Committee decision

Sponsors

D
1
0
Democratic CaucusRepublican Caucus

History

Mar 16

Assembly

Introduced, Referred to Assembly Telecommunications and Utilities Committee